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Ref: 428-05341P
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Urban land located in the Sierra de Torremolinos, adjacent to El Pinar Urbanization and Las Velas Urbanization, close to the highway, the Congress Palace, and the upcoming largest shopping and leisure center in Andalusia (INTU). It is also adjacent to the future largest golf course in Málaga, with final approval granted.
This sector comprises 54,054 m² for a total of 81 single-family homes. In total, there are 6 properties owned by different proprietors, all of whom are selling except for one who owns a house on an 800 m² plot (not for sale); this plot is located at the corner with the 1,243 m² URO3 plot (referenced in my previous email today), and another plot that is below the minimum building size, which will therefore be absorbed by the Urbanization Compensation Board through expropriation.
Opportunities:
1) The plots from the two largest owners, totaling 22,540 m² and 16,318 m² respectively, sum up to 38,858 m², representing 71.90% of the total area. This constitutes an absolute majority for decision-making within a Compensation Board. The offered price is €120/m², totaling €4,662,960. Up to 15 homes can be built per hectare. Thus, with the acquisition of these two plots, up to 58 homes may be developed.
2) The smallest plot (3,206 m²) can also be acquired. Out of these 3,206 m², a small, narrow strip falls within the neighboring sector, which has strategic interest as it would directly connect that urbanization to Cañada de los Cardos, an area with other homes and amenities (restaurants, building supplies, gas station, supermarkets, etc.). In fact, the property can be purchased including this strip located in the neighboring sector. Price: €384,720.
3) It is possible to purchase the entire area, except for the plot with the house and the one without building rights. The approximate price excluding these two plots is €6,330,000.
These prices are NOT negotiable.
**WE ARE SELLING OPTION NUMBER 1**
*URBAN PLANNING CHARACTERISTICS OF THE LAND*:
Total surface area of the Partial Plan: 54,055 m²
Residential Urban, compatible with other uses
Scheduled Developable Land (SUP) – SUP R.2-4
Gross buildability: 0.20 m²/m²
Building density: 15 homes per hectare
Applicable zoning: UAS-2 – minimum plot size 400 m², 10 meters frontage
Compensation system
Number of buildable homes in the sector: 81 homes.
The land enjoys views of the sea, Málaga, and the Sierra de Mijas.
Approximate distances to nearby locations and towns:
1 km from the Mediterranean Highway (toll-free)
2 km from the beach and the sea
2 km from the Plaza Mayor Shopping and Leisure Center (Ikea, Worten, cinemas, etc.)
3 km from Málaga Pablo Picasso Airport
3 km from Churriana (Málaga)
4 km from Guadalhorce Industrial Estate and Mare Nostrum Shopping Center
5 km from Alhaurín de la Torre
5 km from Málaga city center and port
7 km from Benalmádena and its marina
15 km from Fuengirola and Mijas Costa
18 km from Mijas Pueblo
45 km from Marbella
This sector comprises 54,054 m² for a total of 81 single-family homes. In total, there are 6 properties owned by different proprietors, all of whom are selling except for one who owns a house on an 800 m² plot (not for sale); this plot is located at the corner with the 1,243 m² URO3 plot (referenced in my previous email today), and another plot that is below the minimum building size, which will therefore be absorbed by the Urbanization Compensation Board through expropriation.
Opportunities:
1) The plots from the two largest owners, totaling 22,540 m² and 16,318 m² respectively, sum up to 38,858 m², representing 71.90% of the total area. This constitutes an absolute majority for decision-making within a Compensation Board. The offered price is €120/m², totaling €4,662,960. Up to 15 homes can be built per hectare. Thus, with the acquisition of these two plots, up to 58 homes may be developed.
2) The smallest plot (3,206 m²) can also be acquired. Out of these 3,206 m², a small, narrow strip falls within the neighboring sector, which has strategic interest as it would directly connect that urbanization to Cañada de los Cardos, an area with other homes and amenities (restaurants, building supplies, gas station, supermarkets, etc.). In fact, the property can be purchased including this strip located in the neighboring sector. Price: €384,720.
3) It is possible to purchase the entire area, except for the plot with the house and the one without building rights. The approximate price excluding these two plots is €6,330,000.
These prices are NOT negotiable.
**WE ARE SELLING OPTION NUMBER 1**
*URBAN PLANNING CHARACTERISTICS OF THE LAND*:
Total surface area of the Partial Plan: 54,055 m²
Residential Urban, compatible with other uses
Scheduled Developable Land (SUP) – SUP R.2-4
Gross buildability: 0.20 m²/m²
Building density: 15 homes per hectare
Applicable zoning: UAS-2 – minimum plot size 400 m², 10 meters frontage
Compensation system
Number of buildable homes in the sector: 81 homes.
The land enjoys views of the sea, Málaga, and the Sierra de Mijas.
Approximate distances to nearby locations and towns:
1 km from the Mediterranean Highway (toll-free)
2 km from the beach and the sea
2 km from the Plaza Mayor Shopping and Leisure Center (Ikea, Worten, cinemas, etc.)
3 km from Málaga Pablo Picasso Airport
3 km from Churriana (Málaga)
4 km from Guadalhorce Industrial Estate and Mare Nostrum Shopping Center
5 km from Alhaurín de la Torre
5 km from Málaga city center and port
7 km from Benalmádena and its marina
15 km from Fuengirola and Mijas Costa
18 km from Mijas Pueblo
45 km from Marbella
Property Features
- 0 bedrooms
- 0 bathrooms
- 38,858m² Plot size
- Sea view
- Mountain view
- Close to golf
- City views
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
463,300€
Final Payment of 90% on completion
4,196,700€
Property Purchase Expenses
Property price
4,663,000€
Transfer tax 10%
466,300€
Notary fees (approx)
600€
Land registry fees (approx)
600€
Legal fees (approx)
1,500€
* Transfer tax is based on the sale value or the cadastral value whichever is the highest.
** The information above is displayed as a guide only.
Mortgage Calculator
Mortgage Amount:
4,663,000€
Deposit:
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Interest Rate:
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Period:
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* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.
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In Spain, two primary taxes are associated with property purchases: IVA (Value Added Tax) and ITP (Property Transfer Tax). IVA, typically applicable to new constructions, stands at 10% of the property's value. On the other hand, ITP, levied on resale properties, varies between regions but generally ranges from 6% to 10%.
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